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These administrators had built substantial positions in these scrips prior to the circulation of recommendations and offloaded their positions subsequent to rise in price of these scrips, making significant profits at the expense of unsuspecting investors, Sebi noted. So, uh, whenever I hear about Telegram, it’s always in relation to something bad. What gives? Sebi said data, emails and other documents are being retrieved from the seized devices and detailed investigation is in progress. For tech stocks, “the main thing is yields,” Essaye said. This provided opportunity to their linked entities to offload their shares at higher prices and make significant profits at the cost of unsuspecting retail investors.
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